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20121201
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Search Results 0 to 29 of about 30 (some duplicates have been removed)
the region's financial authorities will monitor greece's bond buying back program. he says the finance ministers will sign off in the next round of loans t greece wn they meet again on december 13th. the ministers also talked about spain. they decided to provide up to nearly $40 billion euros. they're decision came after the bailout fund to sure up its constituti institutions. the nikkei average at 9,434. that's a loss of one-fourth of a percent. the dollar is slightly losing ground. dollar yen changing hands at 82.13 to 17. euro stands at 107.19 to 24. analysts say investors are selling the dollar following the release of u.s. manufacturing data. it was the lowest in almost three and a half years. more investors are showing interest in the weakening yen. taking a look at other markets, south korea's kospi is trading lower. let's take a look at australia. it's trading lower by almost a third of a percent. there's hope for floundering bas bas basic electronics firm sharp. the firm is expected to receive part of the that sum as early as this month. sharp is forecasting a record net loss
. president and use your mandate to bring this country together to stop us from becoming greece. >> yes. >> man up, barack obama. strong words. >> he has a chance to be an historic president. what makes us greece? it's not because the tax code is at 35% versus 39.6. what's going to make this country greece, like every other western nation, retiring at 10,000 a day in terms of baby boomer, three workerses for every retiree, in 20 years we'll have two. medicare and social security are about $30 trillion underfunded. if you did what tip o'neill and ronald reagan chose to do, reform entitlements, we become the most dominant place on the planet pretty quickly. so what i would plead with the president to do is use this mandate. redo revenue, which we should. but what keeps us from becoming the country we want to be and damns the future generations is entitlement and spending. when i was 21, my mom died, when i was 22 my dad died. if it wasn't for social security survivor benefits, my sister would have never gone to college. social security is going to fail. when i was 22 we needed the 300 and
. because if there is ever going to be a change, if michigan will be saved and not become worse than greece, it will be because of the governor snider and the republicans. >> and the president went there jed and a made his public comments. these are his supporters. >> oh, yes. >> he appeals to the union workers. >> well, beyond him not condemning it, why is he supporting a system that has led to no jobs in that state? the state is bankrupt. it is detroit. you don't -- >> next question. is michigan a preview of coming attractions for america because of democratic policies? because that is the outcrop of what happened in michigan. >> we have a series of greeces around the country. and one piece of good news is probably the first state to go bankrupt is california. california is so left wing, they could never elect a republican governor. neither republicans or democrats have an incentive to bail it out so i don't think we will see a federal bailout. fortunately california will go first and probably not michigan. >> ann coulter, great to he sue. >> last show of the year. see you next year, sean
thinks an electrical problem sparked it. greece, thousands of people turning out in athens to donate food, clothing and toys to families in need. and nations called, i care, i share, and local stations struggling to meet basic needs. the unemployment in greece right now. 26%. israel, christmas coming early to jerusalem. >> merry christmas and happiness and peace. happy holidays! >> santa claus walking through the old city, calling on commission residents to pick up free christmas trees. tens of thousands of pilgrims visit jerusalem every year and during the holiday season it's second in tourism to the west bank city of bethlehem where jesus was born. peru, dogs dressing up, putting on the dog. and posing for a picture with st. nick. and in lima, offering a new line of festive outfits for the four-legged friends and chihuahuas in custom gear all to make the holiday extra special and that's a wrap on this fox trip around the world in 80 seconds. >> well, i guess you could say it's christmas eve eve and thousands of shoppers are packing the stores in search of the last minute bargains or bet
. the gunman used a military style rifle in the shootings. >>> good news for greece. raised the credit rating by 6 notches. other european union countries are committed to keeping greece. >>> instagram says it has a right to sell your photos. expressing outrage on twitter and sites. instagram claims the right to sell photos to advertisers without payment or notification. there's no way to opt out unless you close your account by january 16th. that's your money watch. cbs money watch.com. >> coming up at 4:00, toyota troubles the multi million dollar fine levied by the government. >>> the strongest northwest storm of the season roars into washington state. the mess it left behind. >> no leavy coats needed outside. right now mild and sunny. but tells us that's going to to change. always on for your top stories on wjz.com. and first warning weather click wjz.com. ,,,,,,,,,,,,,,,, >>> i'm paula from maryland, happy holidays, wjz. >> happy holidays to paula. >> happy holidays paula and everybody out there. >> it's a nice day. >>> it really is . there's an event going on that exact place on sunday.
.s. ambassador to nato, greece, and a number of other places. nick, great to see you. you are such an old hand, veteran diplomat, and were at least at the state department. i think you were serving in greece. the last time we had one of these major reports, which was on the 1998 bombings. this report has been done by two senior experienced people, tom pickering and admiral mike mullen, and my indications are that it is really going to be very tough on the state department. hillary clinton has to defend this and present it to congress. >> well, andrea, i don't have a preliminary indication of what the report was saying, but i think secretary clinton would drae grae to testify publicly, but there are obviously congress has an obligation i think they have chosen to highly objective non-political, non-partisan people in tom pickering, ambassador tom pickering, and admiral mike mullen, and we'll see what the report says, but clearly the administration does need to deal with these issues before we get to 2013 and the president's inauguration. >> and one of the questions that is being examined is all
and greece. it is not a pretty scenario. >> tell me this what happens when we judge up against it? >> everybody starts wondering when we are going to raise the debt ceiling. there's a debate because they don't like to. then you have all of wall street looking at this wondering if we will be able to pay our bills. you remember what happened last time around the market sold off 2,000 points over the 2 month period. it was dramatic and hurt people's 401 k's. if you can't pay your bills you get a downgrade. >> again. >> it's not going to be good news. you know what happens you can't borrow as much money. >> that's what happens to me. >> it costs you more to borrow. all of us coming together it will be -- it could be we would be watching none of this would come to a surprise fell off the market every single day. they know what's happening. they know what's going on. it's not a surprise but nobody likes to see it. >> when they raise the debt ceiling is that to pay off debt already accrued. >> the money is already out the door. that has been spent. that is money we spend on other things.
been doing is going to lead us to being just like greece. we will not be able to take care of the poor and needy or senior citizens. we've got to stop spending. host: this is from the congressional budget office -- social security, medicare, and medicaid are 41% of the federal budget. defense spending is 20% area do you cut? >> we have to cut across the whole circle. it is not the so-called congress' spending. it is everything in that pie plate. need to fix social security and medicare because they are going broke. democratic colleagues are totally in denial. they think they have a policy regarding social security and medicare. they say denied it is a problem and they deny -- and a delay fixing it and third, they will destroy the programs because they are denying and delighting and they are demonizing those of us who want to try to fix it. we need to fix it so that social security and medicare are available for those people needed. we've got to put in place policies that will do so. the democrats have been totally against are doing so. host: are you worried that the republicans are jus
with stories of joy, sadness, greece, elation, and astonishment. >> let us take a look back at some of the top stores from 2012. >> (cheers and applause) thank you so much. >> we want to be free. >> ♪ an italian cruise ship capsize. >> nearly 23% and unemployment. >> viral socially is sites. >> my name is sandra flux. >> the largest ipo in tech history. >> want article has the entire country talking. >> the president says he now believes that same-sex marriage should be legal. >> we now know the name of a suspect slain in the movie theater shooting. >> police now tells the in in people have been shot in front of the empire state building. >> basalt. >> that's all. >> jerry sandusky was sentenced to a minimum of 30 years in prison. >> to paternal is gone. >> (cheers and applause) the british people are going gaga . >> someone's old photographs of prince harry naked during a strip on billiards game. but the wrong? why now? >> flooding shut up? >>--what do you mean shut up? >> christopher stevens and three other embassy staff are dead. >> all the effects of hurricane sandy. >> said he has carve
very little in terms of not becoming greece. it's a victory for the president and i hope we have the courage of our convictions to fight for what we believe as republicans. >> peter, what the senator is saying is this doesn't really solve the problem of the debt we're building up. >> no, it doesn't. we have all heard taxing high income individuals more would only raise 5% of the deficit. another statistics that will break your eyes. if we raised everybody's income tax by 50%, we'd likely only cut the deficit in half. that should explain to everyone why it is imperative we finally do something about rapidly escalating entitlement cost but the president refuses to come to the table. nothing is fixed in my mind more than speaker boehner saying i've offered you 800 billion in additional revenue. what do i get in return? and the president said nothing. you also counted he won the election. i have got news, whether he won the election or not,let stats about the budget are neutral and nonpartisan and mr. boehner's republicans won an election too. he was elected president, not prime mini
in greece and then come late wednesday night into thursday morning we will see more widespread rain carrier >> which is see two to 4 in. of rain by thursday and friday. if the highs for today is a little bit below average. lower 50s for downtown san francisco, mid- 50s for oakland and have moon bay will be in a lower 50s. here is your kron 47 day around the bay. it is very cold tonight, we will be dry. the windy conditions was also come. for the weekend will will see showers and we may see rain also for christmas eve. >> 11 in. of snow may pave pickuif you are lucky enough to get up there today you will enjoy fresh snow. >> better news for your ride through palo alto. san hill road just reopened at el camino. and driver knocked the top of a fire hydrant off. and the water flooded the streets. the roadway has now reopened. here is a bridge check. pridfor the salmon tell bridge spans are starting to slow down about 18 minutes for drive time. there is a big change in pattern this year for the san mateo bridge. looking at your ride on the golden gate bridge is an easy commute. the volume is bui
for revenues including tax rate hikes although i don't like them to save the country from becoming greece but i will not set aside $1.32 million in cuts. >>reporter: if nothing happens by the end of the year taxes go up for everyone. >>heather: when do we get back to work on a fiscal cliff clear? >>reporter: shortly after christmas when speaker boehner and the president are back in washington. before leaving town, president obama scaled back his goals for the last few days of the year between now and new year's focusing on middle-class tax cut and extended unemployment benefits. he is holding out for higher tax on the wealthy. the supporters say that should come as in surprise. >> on taxes, i know it is hard for the republicans but the president ran on that platform, $250,000 and no taxes for people below and he won 60 percent of the voters saying they are for it including some republicans. >>reporter: senator lieberman, an independent from connecticut says it is looking likely we will go over the fiscal cliff. >>heather: thank you from washington, dc, steve. >>gregg: president obama spending t
accomplished very little of not becoming greece. this won't affect the debt situation. it will be a political victory for the president and i hope we'll have the courage of our convictions when it comes time to raise the debt ceiling to fight for what we believe in. but hats off to the president. >> we have been talking to the republicans since the election has been over. they have had trouble to say yes to a number of repeated offers. >> so what kind of deal if any can we expect before the clock runs out? joining us for a fair balanced debate, tony is here, national political correspondent for talk radio news service and fox news contributor, jehmu greene former president of the women's media center. i wanted to start with senator graham's soundbite. if taxes are increased to top earners, i'll start with you. does it highlight the crux of the matter the fighting is about party politics and not the people? how do you see it? >> certainly the president is not walking around in a flight suited saying mission accomplished. this is not about a political victory for president obama but it's about
've accomplished very little in terms of not becoming greece or getting out of debt. this deal won't affect the debt situation heather: welcome back. investigators are examining the black boxes in the deadly plane crash in russia. amateur video capturing it on tape. now we're learning at least five people died and three others were badly hurt. the plane took off from an airport near moskow. it landed on a highway before breaking pieces and catching on fire. gregg: new videotape shoug house majority leader eric cantor arriving at capitol hill. he really didn't say much of anything. he was asked what's going on, is there a deal? he basically said, happy new year, happy new year, happy new year three times. and the senate is not convening until about 11:00 a.m.. it may not be officially reconvening but just meeting. that was the time that harry reid said it would happen. tony sayegh, former press aide to gop vice-presidential nominee jack kemp and national political correspondent for talk radio news service. kirsten powers, columnist for "the daily beast" and fox news contributor. questions te
. you also have negative growth in greece. there's only so much you can have of negative growth across the continent of europe before impact spending patterns across the world. there are positives out there but we have to be focused on the fact that these problems are not going to go away. one of every four people in spain are unemployed and under the age of 25. fifty-six% to not have a job. that is a major rest of the for disaster and the math does not work. if you try to fix a problem with negative growth and nobody working. dennis: a lesson here. one last note on the fed. what is your concern there? >> pretty simple. the fed has raised the credit market. yield and price are not real. they are buying up trillions of dollars of these bonds and i'm worried about the day when the market no longer listens to them. the market has not been bigger than the fed over the last few years. of the market gets bigger than the fed, look out. yields should be much higher than where they are and if we ever get to that point there could be big trouble. a lot of investors are being forced into a lot of
. but it's not working in greece. i heard a great saying that says when time gets tough, everyone is a keynesian. turn off the tv. not c-span of course. but turn off the news channels that are just cramming this stuff, and get involved in this before you formulate an opinion. i think we would be voted into office smarter, better people that are not tea party extremists. how about if on the democratic side grover norquist had said never cut any spending? i'm going to sign a bill that says never cut and spending. grover norquist, here's a great example, he does not even believe in economic case multipliers. host: gary says -- guest: what's interesting about the last election cycles is we had under president bush and the end, democrats seized control of congress in big numbers. and we had the big democratic sweep with the white house in 2008. 2010, republicans came sweeping back. we've had a pendulum swing, very contractive time period. that's one of the factors. we have seen both sides really dug in because they don't know where the pendulum will swing in the next direction. -- ekle
as they have. >> what we're seeing in greece is what's happening in detroit. austerity cuts. >> we're seeing a big bailout -- >> right. >> starting with the auto industry. the white house is giving money for new police stations, homeland security is trying to sustain the fire department in detroit. we're talking about a series of bailouts that continue in order to keep detroit proposed up. i don't know how long that is sustainable. >> the movecy called "detropia." you just made the academy awards documentary short list. congratulations on that. >> thank you. >> good luck with it. >>> we've got to take a short break. just ahead, we'll talk syria. we'll discuss that. space needle, pot party there broke out there right at midnight. i wonder why. i love the holidays. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy as... -[ man ] 1... -[ woma
? greece has been very good at ignoring their debt ceiling and now they have 25% unemployment, 50% youth unemployment. you have young people having to leave the cities to go to the country to engage in subsistence agriculture. so that's what happens when you ignore your debt ceiling. >> gretchen: okay. congressman, i got to wrap it up there. if you actually is to hang your stocking there, i might have to send you some champagne, too. sorry about that. >> please do. >> gretchen: congressman, have a great rest of the day and merry christmas to you. >> thank you. >> gretchen: coming up, news week declares that the war on christmas is over. so is that true? we report. you can decide. then thousands of people about to lose their homes because the government wants to regulate rain. yep. bulldoze the houses and plant a little grass. is that the answer? that's coming up. you can't argue with nutrition you can see. great grains. great grains cereal starts whole and stays whole. see the seam? more pcessed flakes look nothing like natural grains. i'm eating what i kn is better nutrition. mmmm. grea
. >> gretchen: we look at what is happening in greece where they can not print their own money and they have a massive spending problem. you have rioting in the street. so in a way, in america, since you can print the money, it's just kicking the can down the road, right? >> i think people realize intuitively, this can't work forever. the biggest buyer now of our long-term bonds is the federal reserve. in other words, the government itself is printing money to loan to the government. this can only work for some period of time before the rest of the world says, we no longer trust the u.s. dollar. we don't give it the credibility we used to. >> brian: people outside our windows don't trust the u.s. dollar. that's the scary part. >> people have been excited about the rise in home prices. it's just the long-term, this is not how you grow an economy. this is not how you thrive. >> gretchen: all right. you heard it from james freeman, with the "wall street journal." thanks. >> thanks. >> brian: 19 minutes after the hour. >> gretchen: no love for jesus? a jesus look alike tossed right out of a spor
fiscal accounts in balance and move them in the right direction so that we don't become greece? it is interesting that we talk about the -- the previous panel talked about state government and one big problem in europe is there is no fiscal coordination among the independent countries analogous somewhat to our states and who has to bail them out when they haven't done what they are supposed to do? i don't know that we are all that much different. so, we have a great panel. people that are far smarter than i am. i'm going to introduce them now and i will introduce them all and i will sit down and i get to ask some questions. i will ask the panel to keep i will ask the panel to keep their answers
becoming greece and finally stop getting out of debt. i hope republicans will fight as hard on the debt ceiling as barack obama did on tax rate. uma: you call everything going on in washington right now dysfunctional. the american people are kwaeutinwaiting to see what is going to happen here. many people are frustrated and upset that once again we are at the 11th hour trying to get a deal done at a time when there was a lot of time before this to work something out. >> because the senate doesn't function any more. the house has passed three or four bills to avoid sequestration, to save the military from these cuts, to deal with the fiscal cliff. if you don't like the house's product bring it on the floor of the senate and let's change it. let's start being legislators instead of just a place where ideas go and die in the united states senate, it's embarrassing to me being the most deliberative body in the world and not be able to have a debate about how the fiscal cliff drama should end. we should have had the house bill on the floor months ago. harry reid blocks everything coming from
the nearby town of greece, new york, drove by. the gunfire hit his car. he was apparently injured by the shrapnel. now, as for the shooter, authorities say that he apparently was killed by a gunshot, there was some type after a shootout. police arrived, their fired at the shooter. not clear to what extent, if any, he fired back at the police officers, but we do know that he is now dead. not clear if it was self-inflicted. the police chief for webster new york, gerald pickering, held a news conference a few hours ago x he described what amounted to nothing less than an ambush. listen. >> at this time, you know, it's still under investigation, but we, you know, we have different leads that we're chasing down. it does appear that it was a trap that was set for responding, you know, first responders. but causative reasons we don't have at time. >> reporter: the police chief said that the shooter's body was found nearby. he also said that it was not clear at this time what type of a weapon it was, whether it was an assault rifle. also to be mentioned because of the shooting that took p
the country from becoming greece. but i'm not going to set aside the $1.2 trillion in cuts. any hope of going over the fiscal cliff must start in the senate. >> gretchen: a lot of people were upset because members of congress just can't seem to get their act together or the president, depending on which side of the fence that you're on of the they were upset that they went on christmas vacations. the president went to hawaii and members of congress went home. both sides said we're going to come back to washington because we've got to solve the situation. i think what so many people are frustrated about is this is an ongoing situation. it's like every year we come to this point where we're talk being this cliff and this is what i think has angered so many voters and why congress has such a low approval rating. >> rick: they also got to this point because of their last time they did this. it was the last debt creating fight that deleted this thing. now they gave themselves an amount of time to work on it you and thought maybe last week there was a little progress being made. turns out there is
do to improve the fate of our country so we will not become greece. no one is more worried about this nation's unsustainable debt situation than senator demint. i've seen him deinvolve over time to someone who could just not sit quietly, who had to take up the cause. in the 2010 election cycle, he was one of the strongest voices this he had would a lost our way -- that we'd lost our way in washington. jim is a kind, sincere man, an individual who is a joy to be around. when it comes to what's going on in america, jim understands that if we don't make some changes we're going to lose our way of life. that's what's driven him above all else, to try to keep our country a place to be place where you can be anything. i look forward to working with jim in the private sector. from a personal point of view, we've had a great ride together. it has been fun. it has been challenging, and i think we put south carolina on the map in different ways at different times, and to people back in south carolina, i hope if you get to see jim anytime soon, just say "thank you." because whether you agre
a year. the equivalent of about $55,000. the current top tax rate in greece is 45% for those earning more than 100,000 euros. finally, business sentiment in europe is slumping in part due to economic uncertainty ahead of this weekend's election. the bank of japan sentiment index dropping to minus 12 from minus 3 in the prior quarter. that was a bigger drop than economists were expecting. mr. kernen? >> all right. getting all these things. so you like he's like bloomberg? no 16 ounce -- >> guy runs -- >> you know. >> no 16 ounce anything over that in sugared drinks. comments, questions about anything you see here on "squawk," e-mail us at squawk @c in.com. you can also follow us on twitter @squawkcnbc. still to come this morning, john mcafee. in the flesh. well he won't be here but on camera. in his first interview since arriving back in the states. an interview you've got to see. plus. have you seen these? want to know how to use them? one of the new ways retailers are hoping to win over consumers. we're going to explain qr codes. the bar code guy died yesterday. can i help you? i heard y
,000 atms and etc.. the same time to do it a in a way we can provide greece service for them regardless of how much revenue is available for them. a lot to talk about what we are doing and not doing. we have a great transaction platform for core a america. we have kept prices down. what we are looking for is, what is the model to serve customers going forward? we are seeing 70,000 do bubble banking customers. half a million czechs get deposited by people taking pictures of them now. the behavior has changed so fast 20 million texts that go out every month saying imbalance as well, make sure you do not overdraft. all of that put together is a tremendous level to serve customers traditionally with branches and atms and things like that. you can provide better service and you do not have to charge fees. >> we have time for a few questions from the audience. if i can ask you to -- it state who you are and who you are with. if you could also keep your questions >> so we can get to as many questions as possible. i think i have somebody walking around with microphones. >> are you indicating or
maybe greece, i guess, would take number one. >> we do know that the u.s. spends a larger percentage of its gdp on health care than any of the other developed nations by a fairly significant amount. so really tackling that underlying issue of what percent of our economy is going to health care in general is really the key issue, and we should be focused on that, i think, much more than the federal government's portion of it. and in this case where you have a proposal that would actually increase the share of gdp going to health care is taking us in the wrong direction. >> that is assuming that medicare spending equals medicare costs. and, again, as somebody who actually ran the program, i'm not assuming that. >> do you want to do that one? sure. >> david, this one is definitely for you specifically and aarp. the question is this: what scoreable savings proposals does aarp support for medicare beyond just better care coordination? does aarp support means testing, combining parts a and b cost sharing or medty gap reforms or anything else? >> well, i think it's important to remind every
Search Results 0 to 29 of about 30 (some duplicates have been removed)